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In recent years Constable Inc. has suffered losses, and its stock currently sells for only $ 0 . 5 0 per share. Management wants to
In recent years Constable Inc. has suffered losses, and its stock currently sells for only $ per share. Management wants to use a reverse split to get the price up to a more "reasonable" level, which it thinks is $ per share. How many of the old shares must be given up for one new share to achieve the $ price, assuming this transaction has no effect on total market value? Select the correct answer. a b C d e
In recent years Constable Inc. has suffered losses, and its stock currently sells for only $ per share. Management wants to use a reverse split to get the
price up to a more "reasonable" level, which it thinks is $ per share. How many of the old shares must be given up for one new share to achieve the $
price, assuming this transaction has no effect on total market value?
Select the correct answer.
a
b
C
d
e
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